The European Deflated Turnover Index of Food, Beverages and Tobacco Retail showcases significant variation across countries. In 2023, Slovakia led with a value of 17.07 thousand, setting the benchmark. Countries like Montenegro and Romania also demonstrated robust performance. The Balkan region exhibits a strong upward trend, evident from high year-on-year variations, with Slovakia and Montenegro experiencing growth rates above 9%. Conversely, Western European nations like Belgium and Italy show subdued performance, with some experiencing declines as seen in Belgium in 2022.
Future trends to watch include:
- Potential economic recovery in Western Europe could affect retail turnover positively.
- Inflationary pressures may influence consumer purchasing power and retail sales across Europe.
- Changing consumer preferences towards healthier lifestyle choices might shift industry dynamics.
- Technology and innovation in retail could redefine supply chains, impacting turnover levels.
Top countries in Deflated Turnover Index of Food, Beverages and Tobacco Retail by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 170.7 | 2022 | +51.2% | +9.51% | View data |
| 2 | 2 Montenegro | 155.2 | 2022 | +2.65% | +9.34% | View data |
| 3 | 3 Romania | 153 | 2022 | +2.2% | +4.79% | View data |
| 4 | 4 Bosnia and Herzegovina | 144.2 | 2022 | +5.87% | +5.62% | View data |
| 5 | 5 Serbia | 142.7 | 2022 | +2% | +4.89% | View data |
| 6 | 6 Malta | 138 | 2022 | +9.96% | +5.52% | View data |
| 7 | 7 Cyprus | 128.9 | 2022 | +0.16% | +3.41% | View data |
| 8 | 8 Macedonia | 128.7 | 2022 | -5.65% | +1.8% | View data |
| 9 | 9 Albania | 127.4 | 2022 | +4.77% | +2.7% | View data |
| 10 | 10 Ireland | 126.1 | 2022 | -6.04% | +3.03% | View data |
